Newbie Staring out - $500k saved and ready to invest

[Steve S.]

My goal is to build a portfolio that generates $5,000 in cash flow per month.

I generate about $5,000 per month in spare cash from my job that is part of how i built up my investable funds.

Would I be best served hooking up with a real estate agent?  I'm in the DFW area.  Not sure if my investable portfolio matters so apologies for sharing if not appropriate.  I know this is a small or very small amount to some and a huge amount to some but I'm trying to be transparent about my goals and current position so I can short circuit my goals of generating $5,000 per month from rentals (single family or multifamily) as soon as possible.

What would you think is a reasonable amount of time to build up a portfolio that generates that much cash flow?

[Nick B.]

Buy an apartment complex. You should get 10-15% CoC if you do it yourself or more if you become a deal sponsor. You are in the excellent position to go either way.